Sukanya Samriddhi Yojana Calculator: If you are the father of a daughter, then you must be worrying about the future of the daughter. There is a need to invest now to make it a better tomorrow. Also it is important that your investment is in the right direction. The government is running Sukanya Samriddhi Yojana (SSY) for daughters, it is a long maturity scheme. In this you get 7.6 percent interest annually. Along with this, there is also a guarantee of getting about 3 times the return in the long term.
Will get this much interest annually
Sukanya Samriddhi Yojana is a long maturity scheme. In this, it helps you to fulfill your daughter’s higher education to marriage goals. On this you get 7.6% interest per annum, which is much higher than other small savings FD (FD), RD (RD), NSC (NSC) and PPF (PPF).
Low returns in FD and RD
Want to invest a part of your savings for the daughter in Sukanya Samriddhi Scheme, where you get a fat fund till the daughter grows up. On the other hand, less returns are available in Fixed Deposit or Recurring Deposit. Due to which you get very disappointed. Also, investing money in equity is risky.
Will get benefit in tax
Another great advantage of Sukanya Samriddhi Yojana is that this scheme is tax free. On this, EEE ie tax exemption is available at 3 different levels. First, under Section 80-C of the Income Tax Act, annual investment up to Rs 1.50 lakh is exempted. Second, there is no tax on the returns received from it. Also, the amount received on the third maturity remains tax free.
Understand the whole plan like this
In this scheme, if you invest Rs 10,000 per month, Rs 1,20,000 annually. In this way Rs 18,00,000 is invested in 15 years. According to the current 7.6 percent annual interest rate, the amount on total maturity is Rs 52,74,457.
In this, there is a direct benefit of interest of Rs 34,74,457. 185% return is guaranteed. If the investment is done this year in 2022, then 2043 will be the year of maturity. You can invest a minimum of Rs 250 and a maximum of Rs 1.50 lakh every year in the SSY scheme. It can also be invested on a monthly basis.
This much will be the maturity period
The maturity of SSY scheme is 21 years. If you open an account for a 1 year old daughter, it will mature in 22 years. If the daughter is 3 years old then she will mature in 24 years. The most important thing is that you have to invest in it for the initial 15 years. In the rest of the year, the interest fixed under the scheme continues to be received on your deposit.